FEDERAL RESERVE BOARD STUDY OF CRA LENDING.

SEC. 713. FEDERAL RESERVE BOARD STUDY OF CRA LENDING. The Board of Governors of the Federal Reserve System shall conduct a comprehensive study, in consultation with the Chairman and Ranking Member of the Committee on Banking and Financial Services of the House of Representatives and the Chairman and Ranking Member of the Committee on Banking, Housing, and Urban Affairs of the Senate, of the Community Reinvestment Act of 1977, which shall focus on— (1) the default rates; (2) the delinquency rates; and (3) the profitability; of loans made in conformity with such Act, and report on the study to such Committees not later than March 15, 2000. Such report and supporting data shall also be made available by the Board of Governors of the Federal Reserve System to the public.113 STAT. 1470